The Modified Accrual Basis of Accounting Is Used in Presenting

The modified accrual basis of accounting is used in presenting the fund financial statements of the governmental funds because

A) it is the superior method of accounting for the economic resources of any entity.
B) it provides information as to the extent the entity achieved interperiod equity.
C) it is budget oriented while facilitating comparisons among entities.
D) it results in accounting measurements based on the substance of transactions.